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Binary Option
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Payout Comparison of Binary and Standard Call Options An option with a fixed, predetermined payoff if the underlying instrument or index is at or beyond the strike at expiration. The value of the payoff is not affected by the magnitude of the difference between the underlying and the strike price. Also called All-or-Nothing Option, Bet Option, Digital Option, Lottery Option. See also Binary Swap, Lock-Out Option, Lock-In Option.
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